July 19
Clearwire has taken an interest in telecoms firm Imagine
The Sunday Business Post reports that Nasdaq-listed Clearwire has taken an interest in telecoms firm Imagine. The minority stake represents about 7 percent of the firm and will see the US broadband firm pay Imagine more than EUR5 million in cash. Under the deal, Imagine will also take over a large part of Clearwire’s Irish business. Clearwire began operations here in 2005, and has a large number of masts in the country. This infrastructure will now be used by Imagine, which has begun rolling out its high-speed wireless Wimax network throughout the country.